Monday February 24, 2020

Brewing giant set to axe 5,500 jobs after takeover

Anheuser-Busch InBev has targeted savings of $1.4 billion a year

26th August, 2016
Brewing merger will lead to job cuts. Pic: Getty

The reductions will be implemented gradually and in phases, the companies said in documents related to the acquisition published today. About 5,500 positions are likely to be eliminated, according to a person with direct knowledge of the matter.

The level of savings that AB InBev is seeking from its combination with SABMiller is less than in some previous deals. It achieved cost reductions representing about 16 per cent of sales when it bought both Anheuser-Busch Cos....

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